Seller's Agent in 2020
Kevin King
Marcus & Millichap
(562) 257-1245
7 in this area
39 Total Sales
2111 E Bermuda St Long Beach, CA 90814
North Alamitos Beach Neighborhood
3
Beds
2
Baths
6,383
Sq Ft
6,098
Sq Ft Lot
About This Home
As of November 2020We are pleased to present a completely remodeled 9-unit apartment building located in the Bluff Heights area of Long Beach, California. Built in 1959, the subject property consists of 6,383 rentable square feet spread throughout a 6,506 square foot lot. The unit mix consists of two 2 bedroom / 1 bathroom units and seven 1 bedroom / 1 bathroom units. There are 6 garages for tenants’ convenience and also used to generate income for the owner. It is separately metered for gas and electricity which helps keep expenses to a minimum. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 09/01/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 6,098 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
Home Design
- 6,383 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 10 / 1
- Tax Tract Number 3
- Assessor Parcel Number 7263005026
Community Details
Overview
- 9 Units
- Alamitos Beach Subdivision
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,350
- Fuel Expense $1,350
- Gardener Expense $1,200
- Insurance Expense $2,553
- Maintenance Expense $5,850
- Other Expense $2,250
- Professional Management Expense $12,828
- Trash Expense $1,350
- Water Sewer Expense $1,350
- New Taxes Expense $49,375
- Operating Expense $79,456
- Gross Income $237,360
- Net Operating Income $169,983
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2020 11/18/20 | Sold | $3,775,000 | -4.4% | $591 / Sq Ft |
| 11/13/2020 11/13/20 | Pending | -- | -- | -- |
| 09/01/2020 09/01/20 | For Sale | $3,950,000 | -- | $619 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $51,421 | $4,086,180 | $2,462,532 | $1,623,648 |
| 2024 | $51,421 | $4,006,060 | $2,414,248 | $1,591,812 |
| 2023 | $50,558 | $3,927,510 | $2,366,910 | $1,560,600 |
| 2022 | $47,420 | $3,850,500 | $2,320,500 | $1,530,000 |
| 2021 | $46,500 | $3,775,000 | $2,275,000 | $1,500,000 |
| 2020 | $28,467 | $2,244,000 | $1,020,000 | $1,224,000 |
| 2019 | $3,912 | $198,193 | $42,391 | $155,802 |
| 2018 | $3,731 | $194,308 | $41,560 | $152,748 |
| 2016 | $3,416 | $186,765 | $39,948 | $146,817 |
| 2015 | $3,310 | $183,960 | $39,348 | $144,612 |
| 2014 | $3,342 | $180,358 | $38,578 | $141,780 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2020
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,304 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20180940
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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